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Herb Chambers Acquires Office Building In Medford, MA For $20.5M

400 Mystic Avenue
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This Office property located in MA was sold for $20,500,000 over 2 years ago. The broker of the deal was Peter Considine

Located at 400 Mystic Ave in Medford, MA, an office property has been sold in a recent transaction. The property spans 89,000 square feet and was sold for a price of $20,500,000, resulting in a price per square foot of $230. The sale occurred on 12/23/2021 and involved the buyer, Herb Chambers, and the seller, Eastern Bank. The brokerage for this transaction was handled by Peter Considine of Atlantic Retail.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $20,500,000
  • Address: 400 Mystic Ave, Medford, MA
  • Market: Medford, MA
  • Square Footage: 89,000
  • Price per Square Foot: $230

Peter Considine from Atlantic Retail represented the buyer, Herb Chambers, in this transaction. The seller, Eastern Bank, finalized the sale of the office property at 400 Mystic Ave in Medford, MA.

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Deals
  • Location
    400 Mystic Avenue400 Mystic Avenue
  • Sale Price
    $20,500,000$20,500,000
    $230 PPSF$230 PPSF
  • Area
    89,000 SF89,000 SF
  • Asset Type
    OfficeOffice
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Peter Considine

Peter Considine

Deals3
Sold$182.2M

Agency

Atlantic Retail

Atlantic Retail

Agency
Deals106
Volume$1.9B

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Deal Summary

SALE IMAGE: Peter Considine & Herb Chambers DATE: 12/23/2021 ADDRESS: 400 Mystic Ave MARKET: Medford, MA ASSET TYPE: Office BUYER: Herb Chambers SELLER: Eastern Bank BROKER: Peter Considine - Atlantic Retail SALE PRICE: $20,500,000 SF: 89,000 ~ PPSF: $230

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400 Mystic Avenue

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